Data for the Referral to Collection Agency transaction can be inferred and/or defaulted at both the vendor/customer line and the accounting line levels. For example, on the vendor/customer line such information as Due Date, Receivable Type, and Intercept Status are inferred. Chart of accounts information will be inferred onto the accounting lines that have a precedence control setting of Require Reference Precedence – Additional Codes Allowed specified on the Transaction Control table. For more information about the Transaction Control table, see the Advantage Financial System Overview.
The amount of the collection accounting line will be read from the receivable accounting line outstanding amount, and inferred. The inferred amount may not be modified. Any accounting line with an outstanding amount of zero will not be inferred.
Posting line - Is a system-generated tab of the transaction. Based on the entries made in the accounting line tab, Advantage Financial generates posting lines showing how the ledger is updated.
Posting line liquidations - Liquidation posting lines are generated if the Ref Type is Partial or Final. Liquidation posting lines are not generated if the CL has a Memo reference to the RE.